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is have been a good healthy economy. that's the sad fact. first of all, there was no new flawed planted in the ground. he's been talking since the moment -- actually since he ran for president. to balance the budgets in a response way, reduce the deficit. those are precisely the things that he accomplished, so i'm pleased to know you agree. >> the difference quite simply is after five years, he still has not learned how to reach across the aisle. he was willing to sit down -- >> i've said this before, and i guess this is a tribute to you. you were a different kind of speaker. you were able to bring your caucus along, and get things done. >>> congressman, i'm sure you have a lot to respond to. >> yes, i do. very specific question. u ubs. >> do you great deal that inequality is a problem? >> yes, it's getting worse. you would think they weren't in power. the fact is the democrats have the house and senate. they did a $787 billion stimulus plan, the cash for clunkers, all these things that didn't grow the economy. they exacerbated the problem.
is have been a good healthy economy. that's the sad fact. first of all, there was no new flawed planted in the ground. he's been talking since the moment -- actually since he ran for president. to balance the budgets in a response way, reduce the deficit. those are precisely the things that he accomplished, so i'm pleased to know you agree. >> the difference quite simply is after five years, he still has not learned how to reach across the aisle. he was willing to sit down -- >>...
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Dec 9, 2013
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economy is on trend. to say that we're just trying to get over the trauma here and some of the data is already there. >> will the snow and ice keep shoppers at home or will they bare the elements. dan, always good to see you. what have you seen so far? we have had nasty weather on key shopping weekends. >> we have had tough weather and nice cold weather. we just went two years where they didn't sell boots or carves or gloves or things of that nature. my guess is what will happen is you have people who are great merchants will say the weather helped them and those that aren't will say that the weather hurt them. >> we're very excited about people who sell branded goods off price. t.j., nordstrom rack, ross, they give you value on a consistent regular basis. >> who looks horrible? who is not executing well? >> the teen retailers on the mall and online stores are struggling. nothing new, nothing exciting. nothing that is stimulating the consumer. >> how is j.c. penney doing? >> i think wall street is wrong.
economy is on trend. to say that we're just trying to get over the trauma here and some of the data is already there. >> will the snow and ice keep shoppers at home or will they bare the elements. dan, always good to see you. what have you seen so far? we have had nasty weather on key shopping weekends. >> we have had tough weather and nice cold weather. we just went two years where they didn't sell boots or carves or gloves or things of that nature. my guess is what will happen is...
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Dec 7, 2013
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much less the success of the economy. there's this false equation that countries with great educational systems are going to have innovative dynamic economies. is that true of japan? of course it's not. is that true of finland? it's not there either. their one champion corporation is nokia. it's good half as many people as belgium. that's what makes a lot of these comparisons ridiculous. >> we should ignore them? >> yes, because they basically tell you nothing except to invest a lot of money in education and that's what we do here in the united states, putting more and more money into schools, with, really, very little to show for it. >> no, that's the opposite, in fact, because what's happened, what this shows is you put a lot of money into education, that's not working. >> we're doing great in spending money. we're right up at the top. >> so clearly something else has to be done. because that's not doing it for us. >> education is a value in and of itself. there's a lot to be said for having smarter 15-year-olds or 18-y
much less the success of the economy. there's this false equation that countries with great educational systems are going to have innovative dynamic economies. is that true of japan? of course it's not. is that true of finland? it's not there either. their one champion corporation is nokia. it's good half as many people as belgium. that's what makes a lot of these comparisons ridiculous. >> we should ignore them? >> yes, because they basically tell you nothing except to invest a lot...
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Dec 2, 2013
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. >> is there a maker bot economy that is dropping? >> people are using them to pro toe type for other people and making products straight off the maker bot and selling. >> is it everybody who might print something? what is the potential here? >> it's one of the things where we're just reaching the threshold. you might know somebody who has a maker bot and if you do you can use theirs. we're coming up on that. i predict we will get to the point that you know somebody who has a maker bot. now you know me. just come to me. >> now i know. >> maker bot was recently bought by statasis for $103 million. there are a lot of practical things you can do. obviously the hands and you can print knobs and things. >> it's a question of do these companies get kmodtized? there are a few of them out there. valuations don't make sense. we have had that whole conversation. do yo really want these kind of stocks? 52% short interest. >> uh-huh. >> recent ipo. it's very hard to make money on the short side here. i think you have got to play these from the lo
. >> is there a maker bot economy that is dropping? >> people are using them to pro toe type for other people and making products straight off the maker bot and selling. >> is it everybody who might print something? what is the potential here? >> it's one of the things where we're just reaching the threshold. you might know somebody who has a maker bot and if you do you can use theirs. we're coming up on that. i predict we will get to the point that you know somebody who...
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Dec 7, 2013
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." >>> a possible tipping point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay. >> we know there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty. >> the president has called for raising the minimum wage to $9 an hour. he also supports a bill in congress to raise it to $10.10 but fast foods workers say $15 an hour the living wage they need. the question, a living wage, who pies? could raising the minimum wage ultimately hurt the very worker rs it's meant to help? it's all in the eye of the beholder. f
." >>> a possible tipping point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a...
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. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney. austin, let me start
. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs...
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Dec 3, 2013
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. >>> america's health care overhaul, terror threats and the economy. the issues that matter most are on the line. that's why more americans watch fox news channel, fair and balanced. >>> you know, finally i guess fitting with this show's theme today, a headline that caught my eye in today's "new york times." underachieving congress appears in no hurry to change things now. the story goes on to bemoan the republican house in particular that has two weeks left before -- and i quote from the "times" -- likely to interinto the congressional record book for underachievement. no bills, no laws, no time and now out of time. that was their thing. they did not do. they did not spend. they're underachieving because they're preventing the wheels of government itself from moving. and it got me thinking. it happens now and then. since when is underachieving defined by underdelivering on spending or legislating or new laws or new mandates or new rules or regulations or decrees from washington? since when are these the things by which we judge the accomplishments of
. >>> america's health care overhaul, terror threats and the economy. the issues that matter most are on the line. that's why more americans watch fox news channel, fair and balanced. >>> you know, finally i guess fitting with this show's theme today, a headline that caught my eye in today's "new york times." underachieving congress appears in no hurry to change things now. the story goes on to bemoan the republican house in particular that has two weeks left before...
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Dec 9, 2013
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the grocery, keeping the economy going. some people say if you cut the benefits, you lose a quarter of a million jobs, you guys think folks are just sitting around, lazy? 1.3 million americans are lazy? >> of course not, van. you know better than that. >> then why take the lifeline -- >> let's not lump all republicans in one group. remember that speaker boehner is saying, look, i'm open to an extension as part of a budget deal, on the other side you had dick durbin say we don't necessarily have to have this just our way. so point one s. let's not let this issue upset a budget deal or a debt ceiling deal, which we need to keep the economy moving more broadly. in that is there room for compromise? of course. when it was 99 weeks, it's different from now, say 47 weeks, so now the super turbocharged level, but need mentioned earlier some states didn't extend the benefits. those states were probably mostly red states, frankly, with probably better economies to begin with, perhaps like texas, for example, or kansas, south dakota,
the grocery, keeping the economy going. some people say if you cut the benefits, you lose a quarter of a million jobs, you guys think folks are just sitting around, lazy? 1.3 million americans are lazy? >> of course not, van. you know better than that. >> then why take the lifeline -- >> let's not lump all republicans in one group. remember that speaker boehner is saying, look, i'm open to an extension as part of a budget deal, on the other side you had dick durbin say we...
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>> there's a lot of financial insecurity, and the economy is still not strong. so, people still have a lot of concerns about spending too much money, losing their jobs, having insurance to pay for. >> how much does that factor into things? the premium shock or whatever. we're told that it's actually affecting a minority of households but that's at lot of households. >> insurance costs a lot of money and a lot of aging people who are employed have cost sharing, so everything goes up, and if your salary isn't going up or you have some insecurity about whether you'll actually have a job, then you have to consider that when you're out shopping. >> how is this -- i've been covering retail sales for decades on the holiday season. all the same concerns. angst on the part of folks concerned about job security. that was raging even during the internet boom. so, i'm just wondering whether we get too much credence to the gloom and doom or is it different? >> i think people are concerned about their retirement, and there are jobs that are letting people go when they're in t
>> there's a lot of financial insecurity, and the economy is still not strong. so, people still have a lot of concerns about spending too much money, losing their jobs, having insurance to pay for. >> how much does that factor into things? the premium shock or whatever. we're told that it's actually affecting a minority of households but that's at lot of households. >> insurance costs a lot of money and a lot of aging people who are employed have cost sharing, so everything...
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but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's health care costs down to zero, they could cure cancer, and conservatives would be shouting from the rooftops that it's a disaster. i think this california thing is hysterical. in part because it's the sort of natural conclusion of the republican panic about this. they vote in mass against the law even though it originated in republican ideas. they vote to try to repeal it unsuccessfully. the website they think will sink it, and then they just throw toilet paper at it. >> and in the absence of a website that wasn't malfunctioning, they created their own website to malfunction, right? they weren't served a gift
but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's...
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has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. has some very special power. ♪ [ toys chattering ] it's filled with new duracell quantum batteries. [ toy meows ] [ dog whines ] [ toy meows ] these red batteries are so powerful... that this year they'll power all the hasbro toys donated to toys for tots. want to help power some smiles? duracell. trusted everywhere. and you work hard to get to the next level. it feels good when you reach point b, but you're not done. for you, "b" is not the end. capella university will take you further, because our competency-based curriculum gives you skills you can apply immediately, to move your career forward. to your point "c." capella university. start your journey at capella.edu. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] get the all-new 2014 cla2
has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. has some very special power. ♪ [ toys chattering ] it's filled with new duracell quantum batteries. [ toy meows ] [ dog whines ] [ toy meows ] these red batteries are so powerful... that this year they'll power all the hasbro toys donated to toys for tots. want to help power some smiles? duracell. trusted everywhere. and you work...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> welcome back to our special losing it, america's fat obsession. how far would you go to lose the weight. tipping the scales at 310 pounds. >> this is what i saw looking in the mirror. looking good. i saw the fit looking guy looking back at me. who was i kidding? i didn't look like that anymore. i looked like i've swallowed a sheep. >> well, joe found the answer by drinking fresh fruit and vegetable juice and he said it made all the difference. joe, give me the stats first of all. what were you at your heaviest and what are you now? >> piers, my heaviest i was 320. right now today i got on the scale this morning and i'm 240. >> amazing. how do you do this? >> so, look, i was like a business guy running around the world doing deals, focused on building companies. you know, i kind of say now i was focused on wealth, not health. i got sick when i was 32. i thought it was the world to take pills. i took bills for an auto immune disease and bad hives an
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> welcome back to our special losing it, america's fat obsession. how far would you go to lose the weight. tipping the scales at 310 pounds. >> this is what i saw looking in the mirror. looking good. i saw the fit looking guy looking back at me. who was i kidding? i didn't look like that anymore. i looked like i've swallowed a sheep. >> well, joe...
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Dec 3, 2013
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economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the markets in weakness in the financial today. to bob pisani at the big board. >> hello there. and here's what i'm seeing today and a lot of people have been asking the start of something. i don't see a big start, but i do see a little bit of signs of concerns. put up the full screen. the european close was poor today. had a great run in europe the last couple months. starting to fall apart. brent poor, two to one event declining. buyer interest, how much do you buy at the bottom? nonexistent today. the dow, we've been down t
economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the...
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a lot of people are signing up and economy continuing to strengthen. no wash shutdowns. people trust the president. i am confident the trust numbers will come up and his approval will come up. >> even plus benchmark for health care's success, we are not exactly ambitious. >> is may take until 2017 when the president leaves office. you will see almost every state running their own exchanges and expanding medicate. it will work well then. >> okay. the months ahead, democrats will point to examples of americans having success with the website. republicans will point to continued problems which they will make as personal as possible. something we saw on sunday. >> i have to grab the other day. his wife is expecting a baby at the end of december. they have a cancellation notice. if she has the baby in january, he doesn't know how to pay for it. people who are trying to fight cancer are getting thrown out. as a survivor, you want your focus being on beating the disease. >> to gauge whether healthcare.gov is working, there two things to truly watch for in the next few days and
a lot of people are signing up and economy continuing to strengthen. no wash shutdowns. people trust the president. i am confident the trust numbers will come up and his approval will come up. >> even plus benchmark for health care's success, we are not exactly ambitious. >> is may take until 2017 when the president leaves office. you will see almost every state running their own exchanges and expanding medicate. it will work well then. >> okay. the months ahead, democrats...
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>> president's het care law continues to wreak havoc on american families small businesses and our economy. it's not just a broken website. this bill is fundamentally flawed. >> and back to the "washington post" report, it did reveal another headache, errors have affected roughly one third of the people who signed up for health plans since october 1st. those errors include failure to notify insurers about new customers, dup my cat enrollments on misinformation. jay carney addressed that report a few minutes ago. >> our general contractor has stood up a team of experts working already closely with issuers to make sure that every a 34 form past and present is accurate. we believe that and our confident that they will be able to ensure that accuracy in time for the january 1st beginning of coverage. >> peter alexander joins me. peter, it is a new day, new tone and we will hear from the president shortly. in a sense, maybe not the icing on the cake but certainly a show of confidence in the last 24 hours. >> reporter: it is a show of some public confidence right now. it's certainly a new tone,
>> president's het care law continues to wreak havoc on american families small businesses and our economy. it's not just a broken website. this bill is fundamentally flawed. >> and back to the "washington post" report, it did reveal another headache, errors have affected roughly one third of the people who signed up for health plans since october 1st. those errors include failure to notify insurers about new customers, dup my cat enrollments on misinformation. jay carney...
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we're picking up slack in the economy. average work weeks have gone up. >> you don't want this driven by monetary stimulus. a lot of people feel the same way. they say, if this economy isn't necessarily recovering or needs a little help, well, hey, white house, it would have been nice to have that help. is there a role for the president, should have been much more aggressive. >> a few different questions. one, i've been for a large infrastructure bill. it's the fastest multiplier of gdp growth in this country. for every dollar spent it's a 1.16 multiplier. that's been on the president's agenda today. with respect today, where i'm not a continued supporter of qe3 or 4, wherever we had because manufacturing came out with best numbers since 2011. foreign investment is up construction is up. you have a lot of things i don't think the fed policy actually helps today. . i don't think necessarily it's helping employment. >> very quickly because i'm out of time. i have to ask you a specific issue pertaining to jobs and wages. ther
we're picking up slack in the economy. average work weeks have gone up. >> you don't want this driven by monetary stimulus. a lot of people feel the same way. they say, if this economy isn't necessarily recovering or needs a little help, well, hey, white house, it would have been nice to have that help. is there a role for the president, should have been much more aggressive. >> a few different questions. one, i've been for a large infrastructure bill. it's the fastest multiplier of...
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>> i mean listen, the idea is obviously the economy gets better the odds of a reduction? asset purchases in december goes up, yields should go up and stocks down in a short term. taking a step back from the fed december meeting, no one thinks as the economy gets better and fed pulls back they're going to be able to thread this needle perfectly and no reaction in risk assets whatsoever. the question is whether or not the reaction is appropriate and more importantly sustainable. once this dislocation, people move past nervousness about the fed, once that all runs its course, the bias remains to the upside for the economy and stocks. >> diane, what your expectations throughout the december fed meeting? does anybody think anything is going to happen then sp. >> i think the fed is going to set the stage for the tapering process. they're nervous about the asset purchase program. they believe holding long-term rates lower longer for a longer period of time is a better way to go. they have to convince financial markets to do the pivot away from the asset purchases to this sort of
>> i mean listen, the idea is obviously the economy gets better the odds of a reduction? asset purchases in december goes up, yields should go up and stocks down in a short term. taking a step back from the fed december meeting, no one thinks as the economy gets better and fed pulls back they're going to be able to thread this needle perfectly and no reaction in risk assets whatsoever. the question is whether or not the reaction is appropriate and more importantly sustainable. once this...
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that has consequences for the economy, people's ability. >> the safety net. >> the whole thing starts to crumble. i hear about red states blue states but a deeper hypocrisy. republicans have said they like devolution. they said we're going to cut subsidies, direct subsidies for state hospitals under medicaid. instead we're going to create the power of the states to opt in instead of direct subsidies people are going to get individual coverage. there's going to be more individual responsibility brought to bear. by the way, the federal government is going to cover 100% of the medicaid expansion for two years and 90% thereafter. there is literally no reason for states to opt out. they are doing so purely i had logically. in the case of georgia the government is saying the government was wrong to cut subsidies in the first place, begging for subsidies back rather than taking responsibility. >> dr. siegel, i want to ask you, in terms of this dynamic, you are familiar with many hospitals across the country. are they speaking up? are they speaking to elected representatives in state houses a
that has consequences for the economy, people's ability. >> the safety net. >> the whole thing starts to crumble. i hear about red states blue states but a deeper hypocrisy. republicans have said they like devolution. they said we're going to cut subsidies, direct subsidies for state hospitals under medicaid. instead we're going to create the power of the states to opt in instead of direct subsidies people are going to get individual coverage. there's going to be more individual...
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number two, is the economy stronger than free money from the fed? and number three, can interest rates and stocks both rise together? jim and jeff are in chicago. okay. guys nice to see you first of all. >> hey, sue. >> is good news finally really good news? jim you first. >> yes, it is. unfortunately yesterday, i hadn't arrived at this conclusion but i've been convinced today it piz. good news is good news because the market realizes that we're washing liquidity probably at a point where more than we should be based on the economic condition but the fed is hamstrung and going to be difficult for them to walk back. the fed knows since the fed's hands are tied let's celebrate while we can. good news, as long as it doesn't get too hot, i hate to say goldie lock's people said before me, not too hot. >> all right. moderation in all things. what do you think, jeff? >> sue, certainly adding jobs to the u.s. economy is good news, but i'm going to disagree slightly to my friend mr. your rio here. we saw that underscored on the nonfarm payrolls, we saw it go
number two, is the economy stronger than free money from the fed? and number three, can interest rates and stocks both rise together? jim and jeff are in chicago. okay. guys nice to see you first of all. >> hey, sue. >> is good news finally really good news? jim you first. >> yes, it is. unfortunately yesterday, i hadn't arrived at this conclusion but i've been convinced today it piz. good news is good news because the market realizes that we're washing liquidity probably at a...
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the end result, the economy gets hurt, doctors become harder to see. mr. obama didn't address either of those things today and they are crucial in the debate. also, mr. obama did not address the falsehoods under which the affordable healthcare law was passed. but the new spin from his allies is this: >> all americans know politicians lie. the question is which lies can you live with? and time and time again americans have said we can deal with the lies that president obama tells us because we believe in his heart he has the best interest for the american people. >> so that's what the white house is selling that president obama wants what is best for the folks. and i believe that's true in theory, in theory. he does want what's best for the folks. the problem is his vision is running up against reality. the economy is being held back by his tax policies and by obama care mandates on business. there is no question about that that's not what's best. the medical industry in america will suffer from obamacare. it will be harder for working folks to see a doctor
the end result, the economy gets hurt, doctors become harder to see. mr. obama didn't address either of those things today and they are crucial in the debate. also, mr. obama did not address the falsehoods under which the affordable healthcare law was passed. but the new spin from his allies is this: >> all americans know politicians lie. the question is which lies can you live with? and time and time again americans have said we can deal with the lies that president obama tells us...
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government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take it or leave it. what i hear from patty murray, i spoke to her the other night negotiations are making progress, moving in the right direction. >> congress has scheduled to begin its break this friday and not return until january the 7th. >>> well, a week after that deadly commuter train wreck in new york officials are upgrading signals. the new signals are expected to be up and running this morning. of course, four people were killed last sunday when a metro north train hit a stretch of track at nearly three times the speed limit. metro north now reducing the maximum speeds at 26 locations across the system. an attorney for the engineer op
government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take it or leave it. what i hear...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. >>> you heard him. president obama telling america, if you like your doctor, you can keep your doctor. well, that's simply not true. now house republicans are getting your message loud and clear, viewers. they are now going straight to the insurance companies demanding answers about doctor access. republican congressman ron desantis is on the house oversight committee. he joins us. good evening, sir. >> good evening, greta. >> i have a copy of the letter that you sent to a number of insurance companies demanding documents. why did you send it and what do you want? >> well, i think the american people deserve the truth. as you mentioned, the president said if you like your doctor, you can keep your doctor. what we're finding is obama care is essentially causing a ma
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. >>> you heard him. president obama telling america, if you like your doctor, you can keep your doctor. well, that's simply not true. now house republicans are getting your message loud and...
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economy. remember, that is what the chancellor has been talking about in the lead up. that's where we've seen the prime minister and his visit to china press on getting money and capital to the real economy. it may be a physically xhushl budget, but how are they going to sustain the growth we've seen in the past pew months? >> helia, thanks for that. >>> the chancellor is due to stand up and give his speech around 11:15 london time, 12:15 cet. we will cover that, as well. that will lead into the bank of england decision, as well. >>> the japanese cabinet has approved a stimulus package worth $182 billion. we have the story from tokyo. >> hi, ross. this massive package is expected to push up the nation's real gdp by around 1%. government spending is to total around $54 billion. $13 billion or 25% of this will be allocated to help improve competitiveness of japanese industries and to strengthen metropolitan functions ahead of the 2020 tokyo olympics. the rest will be spent on things like reconst
economy. remember, that is what the chancellor has been talking about in the lead up. that's where we've seen the prime minister and his visit to china press on getting money and capital to the real economy. it may be a physically xhushl budget, but how are they going to sustain the growth we've seen in the past pew months? >> helia, thanks for that. >>> the chancellor is due to stand up and give his speech around 11:15 london time, 12:15 cet. we will cover that, as well. that...
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many economists say the payment helped economy. and there's the farm bill, defense department policy bill. and even the tweak to medicare fees to keep patients from being dropped from the rolls of health care providers. a lot of stuff on the list not clear at all that you a lot of that is going to get done. >> joe, last we left off back in october was when the big committee of i think 29 conference committee members were going to try to get together. and it all looked like there was a big cool by yaw. and now as i'm hearing it and correct me if i'm wrong, they're going to take their own plan and bypass that whole committee to the congress. it's a cease fire, just do it. is that it? >> there's a question as to whether that strategy or any other strategy is actually going to be the thing they end up with. i think you have to say that opinions are mixed as to whether they're going to be able to get some type of a blanket deal or do something much smaller which is what happened before when we've gotten pushed up get the deadline. >> we
many economists say the payment helped economy. and there's the farm bill, defense department policy bill. and even the tweak to medicare fees to keep patients from being dropped from the rolls of health care providers. a lot of stuff on the list not clear at all that you a lot of that is going to get done. >> joe, last we left off back in october was when the big committee of i think 29 conference committee members were going to try to get together. and it all looked like there was a big...
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the american economy's been through a ton of transitions like this. like 150 years ago, almost everybody worked in agriculture and you had big shifts in and out of industries. so, if the shift is out of retail, the question is what can come next? and you say the future of retail is stuff coming to you, but that's also kind of the future for the sellers. you have sites like etsy where people can market artisanal goods, jewelry and clothing. some of them were selling before, but some of them weren't selling anywhere. it's creating new business opportunities, so i think we need policies aimed at creating new jobs, especially middle-scale jobs that people can go into as these other industries fall away, but in general, these sorts of innovations are a good thing. it's good that it's easier for people to buy and sell things, and in general, in the past, the economy has figured out new things for people to do. >> yes, right, so, there's a thing called the lump of labor fallacy, which is this idea that every time there's a new labor-saving device that no one
the american economy's been through a ton of transitions like this. like 150 years ago, almost everybody worked in agriculture and you had big shifts in and out of industries. so, if the shift is out of retail, the question is what can come next? and you say the future of retail is stuff coming to you, but that's also kind of the future for the sellers. you have sites like etsy where people can market artisanal goods, jewelry and clothing. some of them were selling before, but some of them...
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the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles for a while now, thank you so much for joining me. appreciate it. >> thank you. >> joining me now, heda bruche with the washington center for equitable growth, housed at the center for american progress, a progressive think tank. heather, can we start basic here? what is unemployment insurance and why do we have it? >> thanks for asking, chris. that's a great question. unemployment insurance are benefits there when somebody loses their job through no fault of their own. it's benefits that are supposed to help them make ends meet while they search for a new job, and critically, these be
the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles...
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the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more than 2 million jobs on track to be created the best since 2005. it has been pretty in israble since the recession and the bubble burst and to say you're going to have jobs growth, on track for jobs growth, the best since 2005 is significant. you want it see these numbers, 200,000 a month and more and want to see it continue. the unemployment rate going down to 7%, wolf, the white house acknowledges that one of the big reasons, the big reason why it went down to 7% is because people newly unemployed were having an easier time finding a job. th
the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more...
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. >> nobody has better economies of scale than google. they could be a major player here. what i expect them to do is drive even further commoditization in cloud computing. the others are going to have to figure out how to do services on top to make it profitable. >> they'll make money charging companies for operating a cloud server for them, right? >> absolutely. they're going to drop the prices on that. >> we talked a little a minute ago about tablets. idc saying pc shipments will shrink more than expected in 2013. they were down 4% last year. this year they're saying 10%. it's not as though we don't look around this room, everybody's got a desk top. most people have a laptop. but what's selling now are tablets. >> people aren't buying a lot of new pcs. 10.1% the most it's ever been down, down to 2008 levels they're projecting. they're hopeful that the losses will stabilize once these two and one pcs come out. that's kind of wishful thinking. better tablets come out they might continue to buy those. >> all about the mobility. sue? >> gentlemen, let's get the trading acti
. >> nobody has better economies of scale than google. they could be a major player here. what i expect them to do is drive even further commoditization in cloud computing. the others are going to have to figure out how to do services on top to make it profitable. >> they'll make money charging companies for operating a cloud server for them, right? >> absolutely. they're going to drop the prices on that. >> we talked a little a minute ago about tablets. idc saying pc...
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it was enough obama to change the entire health care system to damage the entire economy and now 5% is a diminimus figure to him. 80% of the website is working. 5% is no big deal. >> 90%. but that aside, do you know how much jeff bezos would have played to have amazon working at a 9 of 10 success rate. >> he would have with given anything. >> any website that starts off will have trouble. >> after three years and $600 million to get it going? this is outrageous. >> still having trouble. >> by the way, jeff bezos wasn't responsible for damaging -- >> nobody asked you about -- >> and forced. >> let me say something to the 5 million. it's not 5 million individual people. these are families. >> wait, wait. >> that 5% number the president is another lie. when you look at the numbers they knew in july of 2010 they knew it would be a substantial part of the market up to 80%. 60% of small businesses and 45% of large businesses. >> argued it in federal court and andy mccarthy argued the admission in a ief. they deliberately misled people. this was never about getting people better health care.
it was enough obama to change the entire health care system to damage the entire economy and now 5% is a diminimus figure to him. 80% of the website is working. 5% is no big deal. >> 90%. but that aside, do you know how much jeff bezos would have played to have amazon working at a 9 of 10 success rate. >> he would have with given anything. >> any website that starts off will have trouble. >> after three years and $600 million to get it going? this is outrageous. >>...
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. >> anything that hinders the growth in our economy, why do we have it? >> coming up, senate minority leader mitch mcconnell says the g.o.p. would have taken a scalpel not a meat action. what does he mean by that? mitch mcconnell will tell you next. >>> now it's time to show you what we are watching. we put together the most fantastic videos out there tonight. quarterback showing off talents away from the football field. the quarterback and the guys from dude perfect taking over a dick's sporting goods store and making an amazing trick shot video. >> put your hands up. come on put your hands up. are you ready to go. >> put your hands up. >> we warn you not to try these tricks at your local sporting goods store. speaking of tricks, a guy named donnie tricking crowds of people in china. he convinced them he was tennis star roger federer. he does not look like him but he put on some of the nike gear, hired body guards and took to the streets of shanghai. people flocked to him asking for photos and autographs. >> what does the fox say. check this out when a w
. >> anything that hinders the growth in our economy, why do we have it? >> coming up, senate minority leader mitch mcconnell says the g.o.p. would have taken a scalpel not a meat action. what does he mean by that? mitch mcconnell will tell you next. >>> now it's time to show you what we are watching. we put together the most fantastic videos out there tonight. quarterback showing off talents away from the football field. the quarterback and the guys from dude perfect...
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but germany's economy is doing better. he's going to weigh a few things up. >> this is where at the end of the day, we all know that it's a political will to keep the european project live. to keep that live, we need to see a strong part towards monetary and fiscal union. this has gone far too far for most people's liking. if something coming up in the next 12, 18 months, it's going to be very, very difficult. and unfortunately france being the second biggest economy is potentially going to be -- next year if things don't start improving. >> we saw quite a bit of institutional flow out of the u.s. and into europe. is that the right move? and is that -- what would you favor, european equities over the u.s. or not? >> in the very short-term, we favor the u.s. because momentum is there. that's where the source is and i think you try and stay close to the source of the qe. european markets last week hit a bit on of a speed bump in the road. and the technical momentum picture of the european markets, france in particular, actua
but germany's economy is doing better. he's going to weigh a few things up. >> this is where at the end of the day, we all know that it's a political will to keep the european project live. to keep that live, we need to see a strong part towards monetary and fiscal union. this has gone far too far for most people's liking. if something coming up in the next 12, 18 months, it's going to be very, very difficult. and unfortunately france being the second biggest economy is potentially going...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. > >> tonight reaction to our reports on a possible doctor shortage in america and the health care system in canada. joining us from washington, juan williams. do you concur the shortage prediction? >> the whole system is changing. neither of them take medicare and medicaid patients at the moment. so they're not great examples. i think most doctors will tell you they don't think they're going to get a lot of money out of this system. >> let's assume -- and i disagree with you. these doctors are being upfront and they're saying, look, we want to do a practice a certain way and they have a right to do that. if that plays out that if doctors say not worth it, not making enough money, want to do quality care and get paid in a certain way, not through the federal governm
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. > >> tonight reaction to our reports on a possible doctor shortage in america and the health care system in canada. joining us from washington, juan williams. do you concur the shortage...
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economy could outperform it might be 2014. i think we should say, governor that it almost has to be 2014. we need to see that priming of the purpose, whatever you want to call it really broaden out to disposable income gains. >> i think that's true. i think bernanke has done an incredible job when you see what's happening in europe to have the chairman of the fed, very fortuitous. i don't begrudge the fact we picked up on the wrong people that didn't need it and got the money -- >> people will say, the wrong people. >> well the people who didn't need it got the money. >> right. >> because i think what he was trying to do is avoid what happened in japan, which is an inflationary crisis. the problem now is challenge, how do you figure how do you get the rest of the 90%? it's much tougher problem than people think because the real problem is housing. if you look at the housing market, the same people that owned the housing market have not come back and a whole lot less people in houses -- >> if the president came to you today and
economy could outperform it might be 2014. i think we should say, governor that it almost has to be 2014. we need to see that priming of the purpose, whatever you want to call it really broaden out to disposable income gains. >> i think that's true. i think bernanke has done an incredible job when you see what's happening in europe to have the chairman of the fed, very fortuitous. i don't begrudge the fact we picked up on the wrong people that didn't need it and got the money -- >>...
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economy? >> no. the coal names -- i'll tell you what i look at, kelly, year end, when i see credit default swaps in certain names like peabody, havnanian outperforming the equity, those are names i'm positive on. it's a good sign going into year end. >> larry, thanks so much. thanks, everybody. we'll keep the panel around. tim seymour has to run. can you catch him on "fast money" at 5 p.m. >>> much more today on the power packed rally. we'll get the view from the floors of the nasdaq. domino's ceo weighing in on today's jobs report and how they're on the hiring front and what he has to say about the minimum wage debated and drones delivering pizza to your doorstep. before global opportunities were part of their investment strategy... before they funded scholarships to the schools that gave them scholarships... before they planned for their parents' future needs and their son's future... they chose a partner to help manage their wealth, one whose insights, solutions and approach have been relied on fo
economy? >> no. the coal names -- i'll tell you what i look at, kelly, year end, when i see credit default swaps in certain names like peabody, havnanian outperforming the equity, those are names i'm positive on. it's a good sign going into year end. >> larry, thanks so much. thanks, everybody. we'll keep the panel around. tim seymour has to run. can you catch him on "fast money" at 5 p.m. >>> much more today on the power packed rally. we'll get the view from the...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. a research tool on thinkorswim. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> president obama and other presidents are on their way to the funeral for nelson mandela, the world is quickly preparing for what ma
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology...
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. >> even so, france is still one of the world's five largest economies. when the french work, their productivity per hour is among the highest in the world, even better than in the u.s. problem is, french workers are on the job almost 300 hours less per year than their american counterparts, so french economic growth lags far behind the u.s. >> people understand very well that the french system will not survive long if it's not reformed. people have to work more. for years, people thought that they could work less and earn more. >> but they can't. >> which is absurd. >> editor stephane marchand says other countries in europe are already moving in the other direction, increasing the work week without raising salaries. and france has made some minor reforms in its 35-hour work week. it's a question of economic survival. >> the germans are showing us the way. german companies are saying the employees, "okay, you renounce the 35-hour week or we take your jobs and we send them to hungary, poland, if not china. >> so there should be huge political support then
. >> even so, france is still one of the world's five largest economies. when the french work, their productivity per hour is among the highest in the world, even better than in the u.s. problem is, french workers are on the job almost 300 hours less per year than their american counterparts, so french economic growth lags far behind the u.s. >> people understand very well that the french system will not survive long if it's not reformed. people have to work more. for years, people...
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that's why given where we are at with a still struggling economy for many people, health care does fit into these pocketbook issues. when republicans talk about you've got your free choice of doctors, for most people there isn't an actual free choice, because the cost of going to any doctor, any hospital you want is prohibitive. those are those out of network costs that make it very, very difficult for anyone to support this free choice that supposedly is part of this system. so people understand that very well. what they don't understand is what the president is proposing and how these costs will come down if they take part in these exchanges or the coverage they get will be better through their employer. >> has the democratic side been outmaneuvered on this, outmarketed on this so far, rick? >> well, they labor under the disadvantage of having to actually get something done. they can't do their marketing strictly with words, they have got to do it with deeds too, as this rollout continues. and that's why it's been such a rocky road for them. that and the fact that the biggest benefic
that's why given where we are at with a still struggling economy for many people, health care does fit into these pocketbook issues. when republicans talk about you've got your free choice of doctors, for most people there isn't an actual free choice, because the cost of going to any doctor, any hospital you want is prohibitive. those are those out of network costs that make it very, very difficult for anyone to support this free choice that supposedly is part of this system. so people...
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president's health care law continues to wreak havoc on american families, small businesses and our economy. and it's not just a broken website. this bill is fundamentally flawed. >> all right. but with the website fixed and accessible to millions of americans, what will republicans have to specifically to complain about now? joining me is democratic congressman john yarmuth from kentucky. kentucky considered a poster state for how obama care can work. sir, it's good to have you here. you're from a red state where the democratic governor there made it his mission to get as many residents signed up under the health care law as possible. as a result, we've got more than 60,000 in your home state signing up for coverage as of this week. and in a state where 640,000 are lacking proper insurance. how do you think that the white house's pr push nationally to replicate what we're seeing in kentucky? >> well, i think what is ultimately going to sell the affordable care act is neighbor telling 98 ponen9nene bore, rel telling relative about the positive experiences they have had. in kentucky, that's
president's health care law continues to wreak havoc on american families, small businesses and our economy. and it's not just a broken website. this bill is fundamentally flawed. >> all right. but with the website fixed and accessible to millions of americans, what will republicans have to specifically to complain about now? joining me is democratic congressman john yarmuth from kentucky. kentucky considered a poster state for how obama care can work. sir, it's good to have you here....
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. >>> obama care back from the dead? >> you've got good ideas? bring them to me. let's go. but we're not repealing it as long as i'm pr
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses every day we're working to and to keep our commitments. and we've made a big commitment to america. bp...
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drag on our economy. i think the gdp numbers holly just talked about in terms of what's going to happen first and second quarter of next year, i think that's completely accurate. what's really interesting here, bill, look at what's happening in detroit. now look what's happening in chicago. if this is going to be a model for municipalities and state governments around the country, what is that going to do to wages? what is that going to do to spending? it's going to reduce it. so consumption, u.s. as 70% consumption has got to go down. i don't see a scenario where we have strong gdp growth. as rick santelli says all the time, rational thinking eventually has to come into play. i think we're starting to see that. >> there are, if you look at the corporate sector, we're certainly seeing leverage pick up there. if you look at households, they've largely improved their balance sheet already. we're seeing signs they're taking on credit in areas like autos and understandably student loans as well. if that conti
drag on our economy. i think the gdp numbers holly just talked about in terms of what's going to happen first and second quarter of next year, i think that's completely accurate. what's really interesting here, bill, look at what's happening in detroit. now look what's happening in chicago. if this is going to be a model for municipalities and state governments around the country, what is that going to do to wages? what is that going to do to spending? it's going to reduce it. so consumption,...
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economy. >>> germany's central bank raises its 2014 growth target for europe's largest economy as evidence shows demand from within the eurozone is finally picking up. >>> deutsche bank is to close its commodity business mainly in london and new york. display you're watching "worldwide exchange," bringing you business news from around the globe. >> a former south african president nelson mandela passed away last night at the age of 95. world leaders have been sending message messages of mourning for the leader. >> he is now resting. he is now at peace. our nation has lost its greatest son our people have lost a father. >> for now, let us pause and give thanks to the fact that nelson mandela lived, a man who took history in his hands and bent the arc of the moral universe towards justice. >> nelson mandela was not just a hero of our time, but a hero of all time. the first president of a free south africa, a man who suffered so much for freedom and justice, and a man who through his dignity and through his triumph inspired millions. >>> on behalf of the united nations, i extend my deepest co
economy. >>> germany's central bank raises its 2014 growth target for europe's largest economy as evidence shows demand from within the eurozone is finally picking up. >>> deutsche bank is to close its commodity business mainly in london and new york. display you're watching "worldwide exchange," bringing you business news from around the globe. >> a former south african president nelson mandela passed away last night at the age of 95. world leaders have been...
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Dec 4, 2013
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we have the economy, we have stocks and we have rates. it's been less than an hour since the dow jones industrial average floated into positive territory. it was under pressure after the good data, and we all know why. but what we don't know is maybe why it had nothing to do with the data or getting used to the stronger data. i think we'll have to listen to john harwood. there's humbli ae's rum blings washington. i'll tell you where it gets complicated. fed drama. no matter if you agree with the programs, disagree with the programs, they they've been useful, none of that really matters. we used to go from the economy being strong to making stocks strong to pushing rates up. that's why everybody says, hey, if rates are going up that's a good thing. traditionally absolutely. now? well, who knows? it could be, but here's the problem. with the fed drama and i'm not saying they want drama but they have a $4 trillion balance sheet, interest rates on reserves, a lot of balls in the air to juggle. but here's the problem. let's say that's stock pr
we have the economy, we have stocks and we have rates. it's been less than an hour since the dow jones industrial average floated into positive territory. it was under pressure after the good data, and we all know why. but what we don't know is maybe why it had nothing to do with the data or getting used to the stronger data. i think we'll have to listen to john harwood. there's humbli ae's rum blings washington. i'll tell you where it gets complicated. fed drama. no matter if you agree with...
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Dec 2, 2013
12/13
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looking back you realize how good the economy's recovered. i think m&an is on a long, slow steady improvement and having the people is important and you cannot hire people and go right to a relationship. you have to hire people five, six, seven years ahead of the clients doing a transaction because you have to build trust aenl get to know your clients so the answer is, i think the market will be very good. i think the regulatory environment will pressure people to have one on one relationships with clients undisturbed by the oversight that's meant for balance sheets and i'm not saying it's bad. >> i'm not following you. >> think a lot of oversight in place is to stop massive errors, balance sheet errors. if you have a trillion dollars of derivatives, multiple sites of oversight is important. i think it's in direct contradiction. the most important thing is multikl points of information, transparency where everyone knows when's going on. this is the exact opposite. we sometimes working on a transaction right now where i would say five or six p
looking back you realize how good the economy's recovered. i think m&an is on a long, slow steady improvement and having the people is important and you cannot hire people and go right to a relationship. you have to hire people five, six, seven years ahead of the clients doing a transaction because you have to build trust aenl get to know your clients so the answer is, i think the market will be very good. i think the regulatory environment will pressure people to have one on one...
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Dec 2, 2013
12/13
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economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this week in bahrain, foreign ministers from the united states, from the u.k., gulf states, egypt will be meeting and sitting down. they invited their iranian counterpart as well. we can learn more about how this agreement is going to play out. >> yeah. so we'll have to see how that plans out, hadley. another follow-up. cutting things, that's interesting when we're wondering what was going to happen with iran. >> exactly. he gave me a wink. he said there was going to be fights with the ministries. he didn't want to touch education or hurt welfare basically spending.
economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this...
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Dec 2, 2013
12/13
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so what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an accra nism. cyber monday dates from the day when people had slow internet at home and came to work on monday after thanksgiving and ordered. now so many have broadband people are shopping on-line all the time and the retailers are scrambling to catch up with consumers. >> i shop on-line too in light of the incidents you see every black friday, always seems to be a fight somewhere and that can't help retailers, right? >> right. well, of course not. but i think people like going to the stores. we at the "wall street journal" and others did storie
so what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an...
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Dec 5, 2013
12/13
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even though the economy may be a 2% economy. it's been stunning how profitable companies have been and remain -- >> stunning. >> and also their margins. >> because the shift of income has gone from labor and capital. there's big social implications. >> huge implications. >> i agree with that. and we can have that discussion separately. >> he's not trying to -- >> just wanted to make sure you were in the conversation, joe. >> counter productive to what he's trying to address. what would address it is growth. >> that's good stuff. >> people don't want another -- they want a job. minimum wage increase. >> a job that pays a certain, you know, decent living wage. >> trying to get -- >> that aren't spending, they're not going to hire as many people as before you raised it. >> if you raise the minimum wage, you get more money in 30 million people's pockets, they're going to spend money and -- >> why do you think a company does when it sees overall what it has to pay out on that side of the income statement and sees that go up. they're
even though the economy may be a 2% economy. it's been stunning how profitable companies have been and remain -- >> stunning. >> and also their margins. >> because the shift of income has gone from labor and capital. there's big social implications. >> huge implications. >> i agree with that. and we can have that discussion separately. >> he's not trying to -- >> just wanted to make sure you were in the conversation, joe. >> counter productive to...